A director at Ellaktor SA sold 10,400,000 shares at 1.250EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
Last 6 May, top shareholder Reggeborgh and Greek energy specialist Motor Oil announced a series of wide-ranging transactions that will further strengthen Ellaktor's shareholder basis and push restricted net debt towards positive territory, making Ellaktor a sound credit. In particular, Reggeborgh's public tender offer will lead, if the latter obtains more than 50% of shares, to Ellaktor launching a change of control offer at 101%. With the € 600m of proceeds expected from the sal...
Last 6 May, top shareholder Reggeborgh and Greek energy specialist Motor Oil announced a series of wide-ranging transactions that will further strengthen Ellaktor's shareholder basis and push restricted net debt towards positive territory, making Ellaktor a sound credit. In particular, Reggeborgh's public tender offer will lead, if the latter obtains more than 50% of shares, to Ellaktor launching a change of control offer at 101%. With the € 600m of proceeds expected from the sal...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Summary Joannou & Paraskevaides (Overseas) Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Joannou & Paraskevaides (Overseas) Ltd. (J&P) is a construction contractor company. The company undertakes engineering, procurement, and construction (EPC) and construct...
The announcement last month that Dutch family office Reggeborgh had acquired a 5% stake in Greece's largest construction company and an option on another 12.5%, sent Ellaktor's share and bond prices soaring. The investment is a positive signal about the quality of Ellaktor's management and assets. More importantly, it could pave the way for a tie-up with Ellaktor's arch rival GEK Terna, in which Reggeborgh already holds 32%. In this report, we take a deep dive into Reggeborgh, a ...
The announcement last month that Dutch family office Reggeborgh had acquired a 5% stake in Greece's largest construction company and an option on another 12.5%, sent Ellaktor's share and bond prices soaring. The investment is a positive signal about the quality of Ellaktor's management and assets. More importantly, it could pave the way for a tie-up with Ellaktor's arch rival GEK Terna, in which Reggeborgh already holds 32%. In this report, we take a deep dive into Reggeborgh, a ...
>Conclusion // Recommendation - Ellaktor's long-term prospects are unappealing as we see few catalysts to outweigh the end in 2024 of the Attiki Odos concession, the group's cash cow. In the meantime, we believe that the restricted scope can improve its credit ratios at a reasonable pace thanks to the robustness of Attiki but also of renewables and some parts of the waste division. Construction, which has so far focused investors' concerns, brings uncertainty but unli...
>Conclusion // Recommendation - Ellaktor's long-term prospects are unappealing as we see few catalysts to outweigh the end in 2024 of the Attiki Odos concession, the group's cash cow. In the meantime, we believe that the restricted scope can improve its credit ratios at a reasonable pace thanks to the robustness of Attiki but also of renewables and some parts of the waste division. Construction, which has so far focused investors' concerns, brings uncertainty but unli...
The independent financial analyst theScreener just lowered the general evaluation of ELLAKTOR SA (GR), active in the Heavy Construction industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date February 28, 2020, the closin...
In our new note on Ellaktor, we provide our thoughts on current trends across the different operating segments. We argue that at these price levels, the end of the “proxy fight†among main shareholders on its own could prove to be beneficial as human resources could now refocus on the group’s operations. Against this backdrop, we believe that post rationalization Ellaktor’s Construction backlog could add some profitability in the next couple of years, rather than being loss making. Their...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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